Official reserves at US$101.7bil


  • Business
  • Friday, 01 May 2020

Bank Negara Malaysia said foreign currency reserves (in convertible foreign currencies) stood at US$95.3bil, while other foreign currency assets amounted to US$30.6mil.

KUALA LUMPUR: Malaysia’s international reserves remained usable as at end-March 2020, with official reserve assets at US$101.7bil.

Bank Negara Malaysia said foreign currency reserves (in convertible foreign currencies) stood at US$95.3bil, while other foreign currency assets amounted to US$30.6mil.

“For the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities and deposits, which include scheduled repayment of external borrowings by the government and repayment arising from the maturity of foreign currency Bank Negara Interbank Bills, amounted to US$6.51bil, ” said the central bank in a statement.

The short position amounted to US$13.21bil as at end-March 2020, reflecting the management of ringgit liquidity in the money market, Bank Negara said. — Bernama

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